Boeing

Tyler Durden's picture

Boeing Stock Nose-Dives On News Of SEC Probe





Just when you thought The BoJ would save the day with its miraculous intervention in carry trades, this happens:

*BOEING SAID TO FACE SEC PROBE OF DREAMLINER AND 747 ACCOUNTING

And just like that, Boeing's stocks crashes 10% dragging the major US equity markets with it. So, just as a reminder, this is a firm which the US government (via Ex-Im Bank) lends billions of US taxpayer dollars... and now the SEC is accusing them of fraud.

 
Tyler Durden's picture

Venezuela Prepares To Liquidate Its Remaining Gold Holdings To Pay Coming Debt Maturities





Venezuela's central bank has begun negotiations with the suddenly troubled Deutsche Bank to carry out gold swaps "to improve the liquidity of its foreign reserves as it faces heavy debt payments this year", payments which it won't be able to fund unless it manages to "liquify" its gold. "One of the sources said the central bank has taken an unspecified amount of gold out of the country so that it can be certified, which is required for gold that is used in such swaps."

 
Tyler Durden's picture

Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes





Recently we joked that it is unclear just where Venezuela will find all the paper banknotes it needs for all its new currency.  And, as if on cue, the WSJ answered. As it turns out we were not the only ones wondering how the devastated "socialist paradise" gets its exponentially collapsing paper currency, which in just the past month has lost 17% of its value. The answer: 36 Boeing 747s.

 
Tyler Durden's picture

Boeing Stock Tumbles After Drop In Revenue, Cash Flow; Huge Cut To Guidance





But the biggest hit to Boeing was its slashed guidance, which came in far below consensus estimates: Boeing's 2016 Core EPS guidance of between $8.15 and $8.35 was far below the $9.42 expected; Boeing's 2016Revenue of $93-$95 billion was also well below the $97.3 billion expected.

 
Tyler Durden's picture

Futures Slide On Apple Disappointment, Oil Slumps Ahead Of Fed Decision





"Nobody is really sure where we go from here, and nobody is brave enough to make the call,” Peter Dixon, Commerzbank AG’s global equities economist in London told Bloomberg. “Corporate earnings season won’t provide much of a support - markets may find a floor if the Fed is extremely dovish tonight. At least investors will have time to think and reassess valuations."

 
Tyler Durden's picture

Frontrunning: January 22





  • Stocks, oil soar as Draghi the dove tames global bears (Reuters)
  • Massive snowstorm poised to wallop U.S. East Coast (Reuters)
  • Oil Rises in Biggest Rally Since August Amid Volatility Surge (BBG)
  • Nikkei spikes more than 900 points after rebounds overseas (Japan Times)
  • China's Working-Age Population Sees Biggest-Ever Decline  (WSJ)
  • Oil Is `Trade of the Year' for Citigroup After Iran Export Surge (BBG)
  • U.S. Payment of $1.7 Billion to Iran Raises Questions of Ransom (WSJ)
 
Tyler Durden's picture

Global Markets Slide, US Futures Wipe Out Overnight Gains In Volatile Session





European shares tumbled, wiping out gains from a two-day rally, Asian stocks slid and the cost of insuring corporate debt rose as investor concern over global growth prospects resurfaced. U.S. equity-index futures pared gains of as much as 0.9 percent. Government bonds rose, with yields falling to records in Japan and China amid anxiety over the world economy. U.S. crude prices stabilized after dropping below $30 a barrel on Tuesday to touch the lowest since 2003 as Iran moved closer to boosting exports.

 
Tyler Durden's picture

"2016 Will Be No Fun" - Doug Kass Unveils 15 Surprises For The Year Ahead





My overriding theme and the central drama for the coming year is that unexpected events can take on greater importance as the Federal Reserve ends its near-decade-long Zero Interest Rate Policy. Consensus premises and forecasts will likely fall flat, in a rather spectacular manner. The low-conviction and directionless market that we saw in 2015 could become a no-conviction and very-much-directed market (i.e. one that's directed lower) in 2016. There will be no peace on earth in 2016, and our markets could lose a cushion of protection as valuations contract. (Just as "malinvestment" represented a key theme this year, we expect a compression of price-to-earnings ratios to serve as a big market driver in 2016.) In other words, we don't think 2016 will be fun.

 
Tyler Durden's picture

Frontrunning: December 28





  • The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere (BBG)
  • Oil falls toward $37, near 11-year low, as excess supply weighs (Reuters)
  • End of easy money for mini-refiners splitting U.S. shale? (Reuters)
  • Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure (Reuters)
  • 'Safe’ Puerto Rican Debt Stirs Worries (WSJ)
  • These Will Be Wall Street's Most In-Demand Jobs Next Year (BBG)
 
Tyler Durden's picture

Another Bubble Pops: Used Boeing 777 Sells For 97% Off List Price





Ten days ago, Delta CEO Richard Anderson sent shockwaves through the aviation industry when he announced he had just purchased a used Boeing 777 for the paltry price of $7.7 million. Here is the punchline: Boeing’s list price for a new 777-200ER is $277.3 million, meaning Delta is buying a used 777 at a price 97.2% lower than the value of a new 777.

 
Tyler Durden's picture

Whistleblower Exposes Exactly How The Government Spies On Your Cell Phone





A new whistleblower has leaked a catalog of cell phone surveillance devices used by the military, intelligence agencies, and local police departments, including the controversial ‘Stingray’ spying tool. At this point, it’s painfully obvious that America is the home of the Police-Surveillance State. Privacy is a dying notion in a nation of fools determined to be safe rather than liberated. If you give a damn, now is the time to stand up and be heard.

 
Tyler Durden's picture

Futures Jump After Friday Drubbing, Despite Brent Sliding To Fresh 11 Year Lows, Spanish Political Uncertainty





In a weekend of very little macro newsflow facilitated by the release of the latest Star Wars sequel, the biggest political and economic event was the Spanish general election which confirmed the end of the PP-PSOE political duopoly at national level.  As a result, there was some early underperformance in SPGBs and initial equity weakness across European stocks, which however was promptly offset and at last check the Stoxx 600 was up 0.4% to 363, with US equity futures up nearly 1% after Friday's oversold drubbing. In other key news, the commodity slide continues with Brent Oil dropping to a fresh 11-year low as futures fell as much as 2.2% in London after a 2.8% drop last week.

 
Tyler Durden's picture

Global Stocks, Futures Continue Surge On Lingering Rate Hike Euphoria





Heading into the Fed's first "dovish" rate hike in nearly a decade, the consensus was two-fold: as a result of relentless telegraphing of the Fed's intentions, the hike is priced in, and it will be a "dovish" hike, with the Fed lowering its forecast for the number of hikes over the next year. Consensus was once again wrong on both accounts: first the rate hike was far more hawkish than most had expected (see previous post), and - judging by the surge in Asian, European stocks and US equity futures - the "market" simply is enamored with such hawkish hikes which will soon soak up trillions in liquidity from the financial system.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!